Philadelphia, PA

Innovation That Matters 2017

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Cities Should Look to Philadelphia as an Example of Strong Startup Support

Philadelphia jumps 5 spots up to number 3 this year, and falls behind only Boston and the Bay Area. The city’s rise can be attributed to investments from the city leadership, who have actively called for a startup culture to help funnel more resources to local entrepreneurs.

The Philadelphia government’s growing partnerships with the city’s public-private economic development corporation and its openness to new ideas is a model for cities looking to encourage startup innovation.

Philadelphia entrepreneurs have good things to say about the city’s regulatory environment. The engagement between city leaders and the startup community has led to innovative ideas where startups have a place at the table with established companies to ensure new regulations benefit everyone.